The West

Mining engineer and project management company Lycopodium has lifted its first-half profit by 26.2 per cent to $12.8 million.
Mining engineer and project management company Lycopodium has lifted its first-half profit by 26.2 per cent to $12.8 million.

Mining engineer and project management company Lycopodium has lifted its first-half profit by 26.2 per cent to $12.8 million.

The result was achieved on revenue of $123.5 million, up 12.3 per cent on the previous corresponding period.

The company lifted its interim dividend to 15 cents a share fully franked from 12 cents previously.

Lycopodium reiterated its November guidance update of a pullback in trading over the full-year.

"There have been no developments in the intervening period which would alter our prior advice," the company said in a statement.

Lycopodium shares were up eight cents, or 1.31 per cent, to $6.20 at 10.25am.

The West Australian

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